India Declines EV Facility 🚫, Ola Launches E-Scooter 🛴, AI Safeguards 🔐

Catch up on the latest in tech, business and startups - all in 5 minutes. [Newsletter Banner] Daily News Roundup Welcome to today's edition of NextBigWhat Daily News! Highlights include India declining an electric car facility, Ola S1 Air e-scooter launch, and Biden's initiative for AI safeguards. 🤖🚗🔒 Help us reach your your friends and colleagues! Share the NextBigWhat newsletter. [Tweet it]( [Whatsapp]( India Declines BYD and Megha Engineering’s $1B Electric Car Facility 🇮🇳 IndiaTech - Chinese auto manufacturer BYD’s $1 billion proposal with Megha Engineering for a four-wheeler manufacturing plant in Hyderabad was rejected due to security concerns and regulations. - The proposal included creation of 10,000-15,000 electric cars annually, R&D and training centers, and charging stations. - Despite having an established presence in India, BYD’s plans to expand would directly compete with leading EV producer, Tesla. Redditors Trick AI-run Gaming Site into Publishing Article on Non-existent Game Character 🤖 AI - Users on a ‘World of Warcraft’ subreddit manipulated Zleague, an AI-powered site, into creating an article about ‘Glorbo’, a fictional game character. - After the prank was successful, the AI-generated content was taken down but continues to highlight the issue of relying on AI for news generation. - The incident marks another case of faultiness in AI-generated content, with previous instances including errors and plagiarism in AI-written articles. Lex Fridman - Elon Musk Podcast: SpaceX, Mars, Tesla Autopilot, AI [NBW Newsletter Ad]( Get AtomicIdeas from the Podcast. Save time Stay ahead. "Money should be viewed as a database for resource allocation across time and space." - Elon Musk [Read]( DOJ Alleges Ex-FTX CEO Leaked Ex-Girlfriend’s Diary as Witness Discredit Attempt 🌎 GlobalTech - The Department of Justice accuses Sam Bankman-Fried of leaking his ex-girlfriend’s diary entries to the New York Times. - The DOJ argues the leak aims to discredit his ex-girlfriend, a government witness, and potentially taints the jury in his upcoming federal court case. - The DOJ is seeking a gag order to prevent further release of information prior to the trial. Ola S1 Air e-scooter purchase window set to open 🇮🇳 IndiaTech - Ola Electric announces purchase window for S1 Air e-scooter to open July 28. - Existing customers and early reservation holders offered discounted price of Rs 1.10 lakh. - Purchase window for other customers opens July 31, scooter priced at Rs 1.20 lakh. Get NBW News: The short news app for busy professionals. [App Store]( [Google Play]( Odisha State in India Approves Semiconductor Manufacturing Policy 🇮🇳 IndiaTech - Odisha’s new policy targets the establishment of a semiconductor manufacturing unit and set up of 100 fabless design companies. - This follows a UK-based company’s plans to set up a semiconductor fabrication unit in Odisha’s Ganjam district. - India is further bolstering the industry with the second edition of Semicon India 2023 scheduled for late July in Gujarat’s Gandhinagar. PM Modi Blames UPA’s ‘Phone Banking Scam’ for Damaging Banking System 🇮🇳 IndiaTech - PM Modi accused previous government’s ‘phone banking scam’ of posing a massive threat to banking system, with loans not being repaid. - He praised public banks for reversing their fortunes and highlighted recent mass recruitments at the Rozgar Mela. - Rozgar Mela, a campaign to provide 10 lakh government jobs, started last October and is supported by state governments and union territories. YouTube app experiencing crashes in Android 14 Beta 🌎 GlobalTech - The issue occurs when users navigate to the Library tab on YouTube version 18.27.35 on Android 14 Beta 4 and 3.1. - Home, Shorts, Subscriptions, search, and settings remain unaffected and users can still watch videos. - Google is expected to quickly release an update to address this issue. Google Develops AI Tools to Assist Journalists 🤖 AI - Google is developing AI-enhanced tools to help journalists in creating headlines and writing styles. - While the tools are meant to enhance work and productivity, concerns arise over their accuracy and potential job loss in the journalism industry. - News organizations weigh the benefits of AI tools against potential risks like spreading false information and eroding journalism quality. Twitter curbs DMs from unverified users to tackle spam, pushes for Blue subscription 🌎 GlobalTech - Twitter sets a daily limit on the number of direct messages (DMs) unverified users can send in a bid to curb spam. - The website urges users to subscribe to Blue membership for enhanced services and to send more messages. - The move follows a 50% drop in advertising revenue as expressed by Elon Musk via a tweet. Tech Giants Pledge to Watermark AI-Generated Content for Enhanced Safety 🤖 AI - Companies including Google, Microsoft, and Amazon have committed to testing and sharing information on potential risks and investing in cybersecurity. - The group also intends to implement watermarks on all AI-generated content to help users distinguish between AI-produced and original content. - The commitment comes in response to growing security concerns and forms part of a wider effort by the Biden administration to regulate AI technology. Apple projected to break records with 8-9 million iPhone shipments in 2023 🌎 GlobalTech - Apple’s iPhone sales for 2023 expected to be a record-breaking 8-9 million units, up from 6.7 million in 2022. - Apple’s market share is predicted to reach its highest ever at 6-7% by year-end, with increased sales anticipated with the iPhone 15 launch and upcoming festivities. - In June, Apple’s market capitalization surpassed $3 trillion, reflecting investor confidence in the company’s resilience and growth potential. Top AI Firms Agree to Voluntary Safeguards Following Biden’s Initiative 🤖 AI - Seven AI giants including Amazon, Google, and Microsoft pledge to implement new safety, security, and trust standards in AI development. - The voluntary step comes amid pressure to put robust regulatory frameworks in place and addresses concerns around security threats, biases, privacy, and AI miscommunication. - The proposed safeguards are in anticipation and to shape future legal regulations, and do not hinder the development plans of these AI companies. © 2023 Zakti Techmedia Pvt. Ltd. All rights reserved. | [Unsubscribe](